| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7071 |
| DP7071 Legal Standards, Enforcement and Corruption | |
| Marco Pagano; Giovanni Immordino | |
| 发表日期 | 2008-12-01 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | The paper uses long-run GDP data for developed countries drawn from Maddison (2003) to generate deviation cycles for the period from 1870 to 2001. The cyclical deviates are examined for their bilateral cross-correlation values in three separate periods, those of the first globalization wave (1870 to 1914), the period of the ?bloc economy? (1915 to 1959) and for the period of the second globalization (1960-2001). Cluster analysis is applied and the McNemar test is used to test for the relative coherence of alternative groupings of countries in the three periods. The bloc economy period emerges as one that features some well-defined sub-global clusters, where the second globalization period does not, the first globalization period lying between the two in this respect. The second globalization period shows a generally higher level of cross correlations and a lower variance than the other two periods. The features uncovered suggest that the second globalization period is indeed one that comprises a more inclusive world economy than ever before. |
| 主题 | International Macroeconomics |
| 关键词 | Bloc economy Business cycle Cluster analysis Globalization Mcnemar test |
| URL | https://cepr.org/publications/dp7071 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535908 |
| 推荐引用方式 GB/T 7714 | Marco Pagano,Giovanni Immordino. DP7071 Legal Standards, Enforcement and Corruption. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
